Question: 1.1- Briefly explain factor rating method. 1.2- You need to select the best supplier, using the factor rating method. Assign the importance weight, and select

1.1- Briefly explain factor rating method. 1.2- You need to select the best supplier, using the factor rating method. Assign the importance weight, and select the best supplier. Factor - Criteria Importance Weight Vendor 1 Vendor 2 Vendor 3 Weight 4 Price Quality Lead-time Total Weight 3 2 1 Weight 5 4 3 3 5

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